[Gauntlet] Compound V2 Deprecation

Simple Summary

This proposal pauses new mints, borrows across all Compound V2 markets, and sets every market’s Reserve Factor to 100%, directing all future interest to protocol reserves. Repayments, withdrawals, transfers, and liquidations remain available; users are encouraged to migrate activity to Compound V3.

Compound V2 Deprecation Proposal

The following configuration changes will be executed via the Configurator: Pause mints and borrows for all Compound V2 markets. Increase Reserve Factors for all assets to 100%. No changes to repayment, withdrawal, or transfer functionality.

Note: Many V2 markets have already been paused. Markets that need to be paused are listed below (False → True).

Asset	Mint Paused?	Borrow Paused?	Reserve Factor
AAVE	True	False → True	50%→100%
BAT	True	False → True	50% → 100%
COMP	True	True	50%→100%
DAI	False→True	False→True	15%→100%
ETH	False→True	False→True	20%→100%
LINK	True	False→True	50%→100%
MKR	True	False→True	50%→100%
SUSHI	True	False→True	50%→100%
TUSD	False→True	False→True	7.5%→100%
UNI	True	False→True	50%→100%
USDC	False→True	False→True	25%→100%
USDP	False→True	False→True	25%→100%
USDT	False→True	False→True	15%→100%
WBTC2	False→True	False→True	30%→100%
YFI	True	False→True	50%→100%
ZRX	True	False→True	50%→100%

Motivation

Compound V3 has been in production for nearly three years and now represents the majority of usage and fees across all Compound deployments. Maintaining V2 creates unnecessary operational and security risks for the DAO and users while diverting resources from maintaining and upgrading V3.

For background, discussion, and context, see the forum post thread & Snapshot Vote:

• [Gauntlet] Compound V2 Deprecation Proposal Forum Thread
• [Temperature Check] Compound V2 Deprecation

Legal Notice

By approving this proposal, you acknowledge that any services provided by Gauntlet are governed by the terms available at gauntlet.xyz/tos.

https://tally.xyz/gov/compound/proposal/489